FCA confirms spotlight on firms with 'increased DB transfer activity'

More specifically, it is looking into firms that are undertaking what it considers 'a lot of transfers' - no specific number has been set as a trigger point however. Whether a firm requires looking into is decided by the regulator on a case-by-case basis. New research indicated almost three quarters (71%) of advisers expected transfer demand to increase in the next 12 months by approximately a third. Not a 'review' Referred to as a ‘multi firm supervision exercise' on DB transfers, the FCA's move is not part of a review, but of ongoing supervisory work, the regulator said. As ...